Jimmy Harris

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Saudi Jarir, Aman Egypt to establish over $26mln finance company

After obtaining the necessary regulatory licenses, Aman Egypt will hold a 49% stake in the joint venture’s shares.

Private investments grew by 30%, reaching EGP 133.1 billion, compared to EGP 102.3 billion in the same quarter of the previous year.

On 20 December, the EU approved the disbursement of the first tranche to Egypt as part of its macro-financial assistance (MFA) to the country.

Foreign minister Badr Abdelatty noted that the figure reflects Egypt’s commitment to fostering economic growth across Africa.

The real GDP growth rate recovered to 3.5 percent during the first quarter (Q1) of the fiscal year (FY) 2024/2025, from 1 July to 30 September.

Finance Events

boot Düsseldorf 18.01.2025

Agri Expo 20.01.2025

FRUIT LOGISTICA Berlin 05.02.2025

Cairo Fashion & Tex 13.02.2025

EGYPES 17.02.2025

STITCH & TEX 20.02.2025

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